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. the organization is predicting that the u.s. economy will grow 2% next year. and u.s. companies are now moving up their dividend payments on their stock with a payment before the end of the year to avoid the higher tax rates for investing on their dividends and they are expected to come at the beginning of the year. among companies paying dividends early our loss vegas dance, dillard's, wal-mart, and ethan allen. >> the standoff has just been resolved and the gunmen killed hisself. we have a sergeant joining us. >> that you for joining us. so we do understand that the standoff is over? >> yes just before 5:00 a.m.. we mold then and we discovered that the suspect was dead with a self inflicted gunshot wound. >> was this man wanted for a few things? >> is start about 11:00 p.m. monday night and the police department received a 911 called indicated that he was a white sedan and it was stolen. we also our word that he was armed and located the vehicle and the suspect then took off and the pursuit was initiated. he fired several rounds from a handgun and he ended the pursuit on treasure ala island. we
eye on wall street, yes wall street opened today. retail is the key to of of the u.s. economy. consumer spending accounts for 70 percent of our economy. shopping trends on black friday may show that shoppers have a stronger appetite for spending over the next couple of weeks. 4% of the retailer's revenue comes from the black friday. at a quick break here as the kron4 morning news continues. beautiful looking around the bay to the moscow may center they're getting and holidays. there spirit. we l be back. 0ñ@Ñ on a quick check from skies seven h d, this is out over livermore right now. this is a pared down out lead that opened a few weeks ago. look at all the cars around and this outlet mall. so many people ride it that they had to use the dirt parking lot next door for the overspill. tough parking conditions getting there this morning. a lot of the shoppers are there. take a look here at this chopper shot i do not see a parking space. not one. is pretty crowded out there. as all the bay area malls right now. we will keep checking back in giving you the parking situations in
expert says is a clue that the economy is still has a ways to go on its recovery. >> early results for cyber monday from ibm's digital benchmark show 2012 online sells are up nearly 26% from last year. 21 percent of shoppers are using mobile device to visit stores web site. and the iphone continues to drive more retail sales than any other device. reaching 8.3% ticket the time%4:52. we are follofollowing a lot story police standoff on treasure island both on and off texas are close.all are closed. >> we will be right back. welcome back. the time is 4:55. the star of a hit comedy show is slamming his own tv show he tells of fans not to watch chris brown is taking in all the breaks and twitter. >> here is your hollywood minute. the youngest start of to and a half man is calling the show fails and telling viewers not to watch it. angus jones. the actor talks about how he found religion on a website and why his staff does not jive with the hit show i am jake from to and as metwo and a half men. the represent a for to and a half minutes not commenting on the video pictures >> the cente
:00. >> is it worth it to got a good deal? >> i think it is, especially in this economy. >> the 40-inch toshiba. >> i want a tv, it's like $180. >> there's a lot of people in front of you that want it too. >> they're going to have to fight me for it. >> reporter: everybody trying to get their hands on that tv. the doors are going to open up here at midnight. and you can believe it's going to be a mad dash in there. >>> people all over the bay area are trying to beat the rush by getting some shopping done tonight. and many stores are offering some pretty good deals. an ipod touch going for $149. this 50-inch tv $339, half off. the manager says there's even more bargains not listed in the store's ad. he will be handing out cliff bars to shoppers to give them more energy after waiting outside for several hours. >> we're trying to make it as easy as possible for everyone shopping today and as safe as possible. we'll be passing out ads so everybody knows what's on sale, and they'll be able to see it. you can text with this code her or text target, more tvs to this number here. and it'll give you all the
holiday shoppers spent--this is an economy that we love to shop. on top of this when you look at black friday i do not dance at weddings or parades but everyone seems to have fun on black friday. >> give people credit because they're going out to shop and this is what you know that the economy is not that bad. >> we are spending money on things and this is proud of the bigger drives. >> when you look at all the spending that is born on. this cyber monday and this was about 67 years ago $1.5 billion are expected to be spent to that. billionaire warren buffett wants the so- called buffett rule if to have more teeth. this helps the bay area. amazon is going good and they are having to pay income tax. can we deliver more than four days and will give your familiar to. if companies are starting to see a little bit of a grind. watching was born on with the fiscal cliff he is calling from some really big high-tech. his stated that 30 percent of people and those making more than that >> keep the mind that warm the fed wants lower tax brackets and he thinks the prop. 13 best guess there's really
slowly improving with the u.s. economy. >> it is not the highest error has been but as high as a was before the recession started. maybe now we are at a normal point. >> how much people spending the thanksgiving weekend can be an important indicator for the entire season. one- fifth of retail sales comes from holiday shopping. it is too soon to tell what this means for the overall economic picture. >> consumers are spending more than they did last year. it is good news but at the same time it is a small amount of total goods and services produced. it is a weekend of fact. is it a trend that will continue? if it continues next year it would suggest that we are getting out of this. we don't know that yet. >> the national retail federation is predicting $586 billion, up 4% from 2011. they may have to adjust the forecast once more is known about whether and not government leaders will be able to avert the fiscal cliff. >> taxes go up for everyone, less money to spend and you don't buy anything. >> one of the benefits of shopping on line is that you can do it from just about anyw
economy making an impact on thanksgiving. tight family finances mean many americans get their summer vacations this year and rely on relatives for air fare. airlines are struggling to save a money on fuel. and that led to a jump and air fare and also higher gas prices for a thanksgiving. aaa says the number of travelers will be just little up from last year. >> consumers are thinking about drbuying a tablet. anyone planning on buying one of those devices should probably hold back to be able to get a tablet. apple leads the list by 25 percent of people polled. 15 percent said >> they will buy amazon kindle fire and only 8 percent named the new ipad mini as their first choice. eight percent said they are looking into the microsoft surfaced tablet. >> i will get the ipad. the average american family will spend about $50 on thanksgiving dinner this year. the price of a thanksgiving dinner for 2012 increased just slightly. it went from $49.27 from last year. the drought has not seen in retail just yet but will hit the hardest in the next three to six months. a look outside at the bay brid
and spending cuts set to go into effect next year would dramatically alter the economy. but the the joins reports. >> we must get an agreement. --athena jones.. >> this is not a done deal or a certainty if congress does nothing which they're pretty good about these days. we will go over the fiscal cliff. >> staffers have a working behind the scenes to find common ground to avoid cuts that should be concerning for everyone. >> they should be worried if we have a defense job or if we are dependent on others of the federal budget. the regulation of our food safety, and our borders being secure. or fbi. >> the sticking point is what to do about taxes. the democrats want to raise taxes for the wealthy and republicans to not. the anti-tax crusader had gotten a majority of the " law makers to pledge not to support any effort to raise taxes. >> i'm willing to recorgenerate revenue. where is below but i will not raise tax rates to do it i will cap deductions, and violates the pledge, long story short. for this country of democrats will do entitlement changes. >> is not we clear when it will meet n
understand the fiscal cliff is a scary and a series of living tax hikes. it could damage the economy. president obama has been pressuring congressional leaders to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never vote for higher indicate taxes. >> and for the good of the country only if democrats would do a title that. >> the pledge that we signed 18-20 years ago but the world has changed. >> is music to the ears of the white house but disturbing to this man. the anti-tax crusader that cut republicans to tax no tax- agreement. it >> if you want to go to your voters and say i promised to this and i am breaking the promise you have that conversation. >> if he seems confident so for these numbers are not on his side. 258 members of congress that have signed the pledge with only one half dozen have publicly expressed doubts about it. the test of weather they are were ready to break the tax increase will, in the next six weeks. catherine heenan, kron 4. >> the state of york is requesting nearly $42
an economy crushing series of automatic tax increases and spending cuts due to take effect in january. >> former giants slugger and baseball's home run king barry bonds is set to appear on baseball's hall of fame ballot for the first time. the ballot will be released later today. also expected on the list is outfielder sammy sosa and former see why young winner roger clemens. bonds was convicted of a felony count of what structure of justice for his role in hindering an investigation and steroids and professional sports. >> we have a shot with our live jackie sizzle where it is rain and it is heading south. we will have more on the movement of the rain in a few minutes. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! partner. jonathan will banks. who was in court last partner. jonathan will banks. who was in court last don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. u-verse high speed i
an economy crushing a series of automatic tax increases and spending cuts that are due to take effect in january. tracking gas prices against the bay area for you in the state average is $3.73 a gallon. bay area prices are averaging $3.82 a gallon san jose $3.67 and in oakland $3.71. i always like to take a mental note to know which gas stations to dry by if you're looking for cheaper gas. >> mega busts a company that offers city to city services for about a dollar is expanding to california. it will allow you go from oakland california san jose and san francisco to los angeles. also sacramento and the reno sparks area as well. they cam but " cal for a trip starting today but they do not actually start running until december 12th. the company will be offering trips where dollar transfer its first week of service. >> will be back with more of the team coverage of the storm in just a couple of minutes. rainy and windy and the bay area. a live look at the other summit and they still have fairly clear skies. this is all goodness for skiing. we always look for more snow than add to those t
of the u.s. economy. coming up on tha three alarm fie in san jose and a firefighter with serious injuries as a roof collapses on them. also a story in palo alto and the accident and person was killed and two others in critical condition. it also involved a police car. we have a big traffic backed up. this is one and northbound and palo alto. this collision happened around 6:50 a.m. on embarcadero. the back of the stretch and on most of mountain view and only the oneeft-hand side is open. we will be right back. >> either several people was critical injuries in the state of accident. the police cruisers also at involves completely smashed. look at that car in the front and back end of that vehicle completely drawgone. only the left-hand lane is open letting traffic through. this video coming in from abc seven news. we'll keep following the latest on this accident and the big backup that is continuing. if you're headed to the north even take you 280 as a way around. the investigation will most likely last until about 1 this afternoon. that is the latest estimate from the chp. we of this live
february of 2008. consumer spending is two-thirds of the u. s economy. >> wall street the dow down 14 points the dow sitting at 12,00952. >> the time is 7:08 a.m. we will be back with more in a couple of minutes. we have a camera at the james lick it shows you the heavy traffic and not as heavy fog as yesterday but some fog. will be right back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit new research this week suggest to bay area regions have substantially higher rates of evasive breast cancer. the higher rate areas and all the western half contra costa county, the northernmost part of alameda county, at a swath running around the southern end of the bay for alameda, santa clara and san mateo counties. for its cancer rates in the four regions were 10 to 20% higher than the state average and researchers still do not know why. the food and drug administration stopping operations and
democrats and republicans have yet to agree on how to avert an economy crushing series of automatic tax increases and spending cuts to to take effect in january. >> us take a look at storm tracker 4 it shows us how much wet weather is headed our way. if it has not started writing in your neighborhood weight is on the way. the north bay is sing it in tents went along the peninsula coastline as well. you can see the yellow on the radar showing us the mowere intense showers better tracking in our direction will be back in a moment. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. and we are back focusing on the weather we have a double live look on the left side a live look at san rafeal where you could see rain coming down on 101 this is their civic center. on the right hand the golden gate bridge. rain has gobbled far enough south to reach that span. it is on its way. the timing could put in the middle of what you are headed to work. as did the l
. a tough economy making impact on the pants giving holiday. family finances many americans as a sacrifice summer vacations and rely on relatives for air fare. airlines struggling to save on jeff fuel and other expenses. they have cut the number of flights--jet fuel. aaa says even though higher prices to travel by air and i rode the number of travelers is up the share just a bit of last year. >> james thank you mark one- third of u.s. consumers are thinking about buying eight electronic tablet is how this season according to a poll. 22 percent of those one of the had devices said it plans to cut back on other purchases this holiday in a little for it. apple remains a leader with 25 percent of polltakers begin the tablets. 15 percent said they will buy amazons kindle fire. and another 50 percent they want a sense of delegat samsung galaxy device. y a% named the new ipad mini as their first choice. the same percentage that would like to buy a michaels of surface tablets. >> sleep train has your ticket to tempur-pedic. experience the pressure-relieving comfort of tempur-pedic, and sleep risk-
. it literally is a payback for a lot of families. to see the recovery it is good and helps our economy. if you have a home you tend to go to so go to retail stores and supply it with goodies. >> it looks like rent is going up again. >> yes that is really bad news. the people that have the highest unemployment have the highest hits and rent. it is going up another 4% in the bay area. it was going up as much as 15 to 17%. it is a slowdown for the bay area. it is a landlord market. i would not want to be a renter right now. mortgage rates are so incredibly well so is a good time to be a landlord and bad to be a renter. >> home prices here is really hard for people to save the kind of money for a down payment. these think we will get to a point where we can get into a home with less than 20 percent down soon? >> sanders will lighten up. they get tied and they get loose. they're probably too tight at this point in time so they should begin to loosen. 2013 i think you'll see a lot of private mortgages come back into the business. fannie mae and freddie mac will step back and let someone else take th
? >> i think that next year will have a good economy in trouble will do well. >> we're talking about tablets we stated that a lot of people will be binding. >> kids want tablets and mattel and hasbro are all factored in. toys r us are so worried about losing sales that they have brought out a tablet that comes pre order to with angry birds. the world is moving forward to tablets and i do love them. >> thank you rot. >> let's get the update on our traffic and weather. >> people can other questions to rob black dot com. >> how the west are saving for retirement? >> you need to start and have about $10,000 by age 25. you should start by going on mit that come here is say website--10 percent of it you should save and it will start at a. further you should increased education and that is the best advice i can give you. save 10% of their paycheck. >> we will start doing your questions for rob because it gives great advice. >> if you did not bother to get up early to his throat and to get out of town and i think it was a good idea for you. a lot of the showers are mold off to the spirit we
Search Results 0 to 16 of about 17

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